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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (3529)	4/18/2001 11:16:30 AM
From: cnyndwllr	Read Replies (1) of 23153

Interesting move by the fed. They make their point that they won't be influenced by the market and that investors can't count on them to bail them out by cutting rates in the face of markedly improving equity prices. I noted today that Bridge news ran an article that said the fed was buying up 2 billion in 30 yr bonds. Lots of liquidity going into the market. I wouldn't want to be in front of this freight train. Lots of stocks I hold are up over 10% and climbing. One, kopn, climbed over 40%. Hope it lasts for a while. Read a timely post on another thread where the poster was congratulating himself for being clever enough to have avoided buying into this bottom and talked about how smart it was to be neutral. He might be right, but not today. g. Warp, should we end the contest on the close today? gg. Ed

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